Discover how education costs affect taxes for parents and students, including student loans, scholarships, and tax credits, with insights on deductions and the latest updates on student loan forgiveness in the U.S.
Understanding tax implications of student loan forgiveness: ARPA provisions, potential tax exemptions, and alternative strategies explained.
On August 24, President Biden announced a three-part plan to deal with student loan debt which includes, among other things, $20,000 in loan relief to borrowers.
This article looks at the issue of student loan debt from an income tax perspective.